CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2025	Dec. 31, 2024
Assets:
Real estate, at cost	$ 3,994,311	$ 4,176,294
Real estate - intangible assets	314,418	318,444
Land held for development	83,254	82,827
Investments in real estate under construction	37,910	5,947
Real estate, gross	4,429,893	4,583,512
Less: accumulated depreciation and amortization	(1,141,505)	(1,047,166)
Real estate, net	3,288,388	3,536,346
Right-of-use assets, net	13,124	16,484
Cash and cash equivalents	229,737	101,836
Restricted cash	252	237
Investments in non-consolidated entities	33,432	40,018
Deferred expenses, net	36,651	39,820
Rent receivable - current	2,791	2,052
Rent receivable - deferred	86,664	85,757
Other assets	17,894	20,762
Total assets	3,708,933	3,843,312
Liabilities:
Mortgages and notes payable, net	50,907	54,930
Term loan payable, net	248,834	297,814
Senior notes payable, net	1,090,930	1,089,373
Trust preferred securities, net	100,094	127,893
Dividends payable	41,922	41,164
Operating lease liabilities	13,571	17,114
Accounts payable and other liabilities	52,976	57,055
Accrued interest payable	15,130	10,517
Deferred revenue - including below-market leases, net	4,520	6,751
Prepaid rent	16,571	19,918
Total liabilities	1,635,455	1,722,529
Commitments and contingencies
Equity:
Preferred shares, par value $0.0001 per share; authorized 100,000,000 shares: Series C Cumulative Convertible Preferred, liquidation preference $96,770; 1,935,400 shares issued and outstanding	94,016	94,016
Common shares, par value $0.0001 per share; authorized 600,000,000 shares, 295,765,814 and 294,499,790 shares issued and outstanding in 2025 and 2024, respectively	30	29
Additional paid-in-capital	3,322,818	3,315,104
Accumulated distributions in excess of net income	(1,356,543)	(1,316,993)
Accumulated other comprehensive income	1,005	6,136
Total shareholders’ equity	2,061,326	2,098,292
Noncontrolling interests	12,152	22,491
Total equity	2,073,478	2,120,783
Total liabilities and equity	$ 3,708,933	$ 3,843,312